Investors Demand Nestle, Pepsi and Others Cut Plastic Use

A group of 25 investors managing more than $1 trillion in assets are demanding that Nestle SAPepsiCo Inc.Procter & Gamble Co. and Unilever NV reduce their use of plastic packaging, calling it environmentally damaging.

The initiative was organized by As You Sow, a nonprofit shareholder advocacy group that pushes companies to act responsibly.